If there is an upside to all the pandemic-induced uncertainty in the economy, it’s the rock-bottom mortgage rate bonus for homeowners and homebuyers.
The average rate on the popular 30-year fixed just fell to another record low — 2.87%, according to Mortgage News Daily.
That is about a full percentage point lower than a year ago. And that’s just the average. Some borrowers are getting even lower rates.
Read more at CNBC.